Chrysaor is born via a £100m investment from Chrysaor Holdings Ltd and Barclay Capital’s investment team Natural Gas Partner IX, L.P. Phil Kirk takes most of the CH4 management team to the new start-up, harnessing their experience to focus not just on gas, but also on oil opportunities.
Founding strategy is to acquire oil and gas discoveries, apply development and commercial skills to de-risk and move assets further up the value chain, adding material value. To focus on development and commercialisation of dormant discoveries and incremental reserves.
Phoenix Block awarded to Chrysaor in UKCS 25th Licensing Round.
Chrysaor farms in to an exploration licence in the Republic of Ireland with Providence Resources and Sosina Exploration Ltd covering Spanish Point gas condensate.
2 successful boreholes drilled on Solan.
Farm-out deal signed with Premier Oil.
Phoenix block, outer Moray Firth, awarded in UKCS 25th licensing round.
Chrysaor continues its search for North Sea producing assets in discussions with various parties.
Mustard oil discovery (205/27-3 & 32) drilled.
A deal is identified between Shell and Chrysaor, backed by equity from Harbour Energy.
Chrysaor finance package agreed allowing bid for Shell assets.
Chrysaor’s US$3.0bn acquisition of a high-quality package of assets from Shell creates the UK’s leading North Sea independent E&P company.
The team grows to 400 and Chrysaor opens its operational headquarters in Aberdeen city centre.
$1.5bn raised through reserves based loan.
The Company ends 2017 with interests in 5 of the 10 largest production hubs in the UK North Sea.
We are Chrysaor.
Estimated 2018 production 123kboepd at operating cost below $15/barrel.
A superb team of 400 employees and contractors on and offshore.
An established operational HQ at the heart of the city of Aberdeen.
First half 2018 kicked off with two acquisitions:
– 100% of the equity in the Armada hub fields.
– Commitment to farm-in to the Grevling discovery, Norwegian North Sea.